The results from this well continue the successful phased development of the Mad Dog field and build upon the success from 2008 where the A-7 well in the western part of the field encountered a hydrocarbon column of more than 2,500-feet (762 meters), and 275 feet of net pay (84 meters).
"With these additional hydrocarbon resources in the west and south of the field, Mad Dog has been firmly established as the third giant field in BP's Gulf of Mexico portfolio, joining Thunder Horse and Atlantis," said Andy Inglis, BP's chief executive officer for exploration and production. "Due to the materiality of these recent finds, we are reviewing development options to increase production from Mad Dog either through debottlenecking the existing facility or by adding another production facility".
BP (NYSE:BP) maintains a 60.5 percent working interest in Mad Dog. BHP Billiton (NYSE:BHP / BBL) has a 23.9 percent interest, Chevron (NYSE:CVX) has a 15.6 percent interest.
For additional information:
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Office: BP HoustonPhone: 281 366 5174